Why buy a Property in Tambaram?
Chennai is one of the prime real estate hubs in South India. Its real estate market is driven by the significant improvements made in the living standards, road connectivity, and infrastructure development of the city. There are many property hot spots present in and around Chennai, Tambaram being one of them. The affordable plot rates in Tambaram have made this well-connected neighborhood an emerging residential hub in recent years.
Tambaram is located near Chennai airport. It lies along the Chennai-Trichy Highway, just 27 km from the city center. The Grand Southern Trunk Road or the GST Road divides Tamabaram into East and West.
Why invest in Tambaram?
Tambaram is no longer just a charming little suburb in South Chennai. Over the years, it has emerged as a well-established residential locality with good living conditions. This locality not only has excellent connectivity but also enjoys an impressive social infrastructure. There are many schools and healthcare facilities present in the neighborhood. One can find several shopping centers and malls near Tambaram as well. Hence, any person living here would not have to travel too far to access basic facilities.
The strategic location of Tambaram also provides its residents with an edge when it comes to employment opportunities.
● MEPZ is located around just 7 km from Tambaram and houses the offices of multiple leading conglomerates
● There are several other prominent business hubs located within a distance of 15-20 km from Tambaram. These business hubs include Olympia Technology Park, MPL Silicon Towers, Tek Meadows, Taramani Tech Park, TECCI Park, and International Tech.
Tambaram also has a well-connected road network that links the neighborhood to other important parts of Chennai. For instance, it connects to the IT corridor of OMR through Velachery Main Road and Grand Southern Trunk (GST) Road. The locality is also dotted with parks and gardens, making it a perfect place to enjoy a comfortable and peaceful lifestyle.
All of the factors discussed above position Tambaram as an ideal residential neighborhood in South Chennai. As an increasing number of people choose to buy or rent properties in the area to settle down, the real estate value in Tambaram shall steadily climb up. Hence, now would be a good time to buy a plot in Tambaram, sell it off at a much higher price in the future, and enjoy an impressive ROI. Before investing, however, there are a few important things to be kept in mind, like:
● One has to make sure that the land they are buying is free of legal dispute. A thorough check has to be done to confirm the legal status of the land.
● The buyers must make sure that the person(s) selling the land has the legal right to do so, and can provide all the required legal documentation confirming this. All property-related documents should be checked before making the final decision.
● If one is planning to use a loan for the investment, one must know that certain banks require people to start building a house on the plot within six months of the land purchase. Reading the terms and conditions stipulated by the bank before applying for a loan is extremely vital.
Its strategic location, impressive infrastructure, and excellent amenities make Tambaram among the best residential neighborhoods in Chennai for property investment. Before buying a property in the locality, one must verify all the important property documents.
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